HUMAN RESOURCE MANAGEMENT PRACTICE - Fichier PDF

26Talent managementTalent management consisting of talent planning and development is a relatively newconcept, only emerging in the 2000s. It derives from the phrase ‘the war for talent’,which originated in the late 1990s as a means of highlighting the problems that organizationswere having in attracting and retaining talented people. However O’Reillyand Pfeffer (2000) point out that: ‘Companies that adopt a “talent war” mindset mayplace too much value on outsiders and downplay the talent already in the company.’The approach should be one that emphasizes the ability of everyone to succeed andthereby ‘achieve extraordinary results with ordinary people’. And Pfeffer (2001)warns that the war for talent is the wrong metaphor because it overlooks the extent towhich teams of people will often operate more effectively than mere collections ofindividuals.There is nothing new about the various approaches contained in the conceptof talent management – attraction, retention, motivation and engagement, development,and succession planning. But they are bundled together to produce a morecoherent whole that can be a vehicle for the development and implementation ofcoordinated and mutually supporting approaches that help the organization to getand to keep the talented people it needs. It is closely associated with the notion ofcreating ‘a best place to work’, which has again become prominent in the 2000s.In this chapter talent management is dealt with under the following headings: